Help for Your Tax Problems
Are Tax Lawyers Worth It?
If you have tax debt, you might want legal advice to help you explore your options. This could involve hiring a tax attorney or tax law firm. But do tax lawyers really help? Or are there other options for negotiating with the IRS? Below, our tax specialists explain the role of tax lawyers to help […]
Read MoreWhat Is Innocent Spouse Relief?
Tax return mistakes happen. They’re normally entirely innocent – tax returns and IRS forms can be complex to understand! But what if it’s not you who makes the mistake, but your spouse? Should you be liable for their unreported income or understatement of tax? Below, we look at the “innocent spouse relief” rules and how […]
Read MoreWhat Is a Past Due Tax Obligation?
If you’re worried about paying your IRS taxes, you’re not alone. In fact, research shows that over a third of US taxpayers are nervous about filing this year’s tax return. The issue is that failing to file on time – or failing to pay – could lead to “past due” tax obligations. But what are […]
Read MoreCredit Score and Taxes: Do Your Taxes Affect Your Credit Score?
Your credit score is a crucial piece of financial information. If you have tax debt, you’re probably worried about the impact on this all-important rating. But do taxes affect credit scores? And if tax debt affects your credit score, what are your options? We consider the relationship between credit score and tax below. What Is […]
Read MoreWhat Is the Substantial Understatement Penalty?
Paying taxes can be a stressful experience. It’s sometimes hard to understand how much you owe, and it’s easy to lose track of deadlines. But if you don’t pay enough tax, there’s a risk the IRS could fine you for a “substantial understatement”. These fines can have serious consequences for you, your business, and your […]
Read MoreHow Often Does the IRS Seize Property?
Tax debt is stressful enough without the prospect of losing your home. However, if tax debt builds up, there’s a real possibility the IRS may try to seize and sell your property. Can the IRS take your home, though, and is there any way to stop the process? We answer these questions and more below. […]
Read MoreWhat Are Back Taxes?
Tax debt can be complicated. But when you want to take back control of your finances, paying overdue tax is a priority. This means paying what are known as “back taxes”. How do back taxes work, though, and how do you know what you owe the IRS? If you have such questions, don’t worry. We’re […]
Read MoreWhat Is Deferred Tax Liability?
Close up of person writing and using calculator to plan tax liability
Read MoreGuide to Filing Taxes in Two States After Moving
Filing taxes is fairly simple when you live – and work – in one state. But what happens if you relocate to another state? And what should you do if you live in one state, but work in another? If you have such questions, don’t worry. Filing income taxes in two different states is easier […]
Read MoreCan You Buy a House if You Owe Taxes?
Buying a new home is a significant milestone. However, it’s not always easy to secure finance, especially if you have back taxes. Is it possible to buy a property with back taxes? The short answer is yes, but the reality is more complicated. Below, our team explains what you should know about buying a house […]
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